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Town budgets $789,543 for Pedestrian Plan Phase IV; drainage completion tied to $490,665 in grant funds
Summary
The proposed FY2025–2026 budget includes $789,543 for Pedestrian Plan Phase IV and lists $490,665 of project costs offset by GoldenLeaf grant funds to finish drainage work in the Carteret‑Coquina area; the board discussed these items but took no formal action.
Brenda Reece presented capital project funding in the draft budget, including $789,543 budgeted for Phase IV of the Pedestrian Plan to cover the construction contract, design, and construction engineering inspection. The budget also includes $490,665 in drainage project costs with offsetting GoldenLeaf grant funds to complete work in the Carteret‑Coquina area.
Reece said the budget proposes using Capital Reserve funds for Phase IV and requested an additional $525,000 to build Capital Reserve capacity for future town projects (including drainage). Commissioners and department heads asked questions during the presentations; no vote on these capital items occurred at the special meeting.
